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Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2016
Sep. 30, 2015
CASH FLOWS FROM OPERATING ACTIVITIES    
Net income $ 50,630 $ 34,575
Purchases of bank premises and equipment (4,159) (9,933)
Net purchases of Federal Home Loan Bank of New York shares (9,119) (6,467)
Purchases of securities held-to-maturity (35,705) (3,100)
Proceeds from maturities of securities held-to-maturity 8,475 1,390
Purchases of securities available for sale (59,678) (294,453)
Proceeds from sales and calls of securities 66,996 163,158
Proceeds from maturities and prepayments of securities 85,829 92,733
Proceeds from bank owned life insurance 2,236
Proceeds from sale of buildings 34,332 20,209
Net originations of loans (210,506) (163,037)
Purchases of loans (137,994) (216,333)
Proceeds from sale of real estate owned 853 2,185
Proceeds from sale of loans 11,499 10,363
Net cash used in investing activities (246,941) (403,285)
Adjustments to reconcile net income to net cash provided by operating activities:    
Benefit for loan losses (1,620)
Depreciation and amortization of bank premises and equipment 3,263 2,528
Amortization of premium, net of accretion of discount 6,344 6,804
Net (gain) loss from fair value adjustments 2,925 921
Net gain from sale of loans (584) (355)
Net gain from sale of securities (2,363) (167)
Net gain from sale of buildings (33,814) (6,537)
Income from bank owned life insurance (2,096) (2,157)
Gain from life insurance proceeds (458)
Stock-based compensation expense 4,169 4,222
Deferred compensation (3,140) (2,768)
Excess tax benefit from stock-based payment arrangements (470) (467)
Deferred income tax benefit (1,228) (5,024)
Increase in other liabilities 7,680 2,432
Decrease in other assets 6,549 2,065
Net cash provided by operating activities 37,407 34,452
CASH FLOWS FROM FINANCING ACTIVITIES    
Net increase in non-interest bearing deposits 50,591 1,362
Net increase in interest-bearing deposits 85,616 207,653
Net increase in mortgagors' escrow deposits 12,432 9,021
Net proceeds from short-term borrowed funds 150,000 45,000
Proceeds from long-term borrowings 200,000 225,000
Repayment of long-term borrowings (260,301) (90,000)
Purchases of treasury stock (9,102) (15,604)
Excess tax benefit from stock-based payment arrangements 470 467
Proceeds from issuance of common stock upon exercise of stock options 132 142
Cash dividends paid (14,787) (13,999)
Net cash provided by financing activities 215,051 369,042
Net increase in cash and cash equivalents 5,517 209
Cash and cash equivalents, beginning of period 42,363 34,265
Cash and cash equivalents, end of period 47,880 34,474
SUPPLEMENTAL CASHFLOW DISCLOSURE    
Interest paid 39,792 35,838
Income taxes paid 28,610 26,518
Taxes paid if excess tax benefits were not tax deductible 29,080 26,985
Non-cash activities:    
Securities purchased not yet settled 2,000
Securities transferred from available for sale to held-to-maturity 4,510
Loans transferred to Other Real Estate Owned 486 1,588
Loans provided for the sale of Other Real Estate Owned 280
Loans held for investment transferred to loans held for sale $ 300